Chase Coleman’s Tiger Global buys stake in LinkedIn

July 30th, 2010
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Tiger Global Management has recently purchased an estimated 1% stake in LinkedIn, the career networking website geared towards professionals. According to Bloomberg, Chase Coleman’s Tiger Global, which was seeded by Tiger Management’s Julian Robertson, spent $20 million to purchase the LinkedIn shares at $21.50 a share from existing shareholders.

Tiger Global and other hedge funds have recently begun purchasing larger stakes in private technology companies like LinkedIn that have the potential to go public with IPOs. In December of last year, Tiger Global purchased a stake in another internet company, Zynga Game Network. According to SharesPost Inc., LinkedIn is currently valued at $2.26 billion and has 105 million shares outstanding.
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Tiger Global Management
Tiger Management
Related People: Alex Robertson; Chase Coleman; Feroz Dewan; John Townsend; Julian Robertson; Julian Robertson; Neeraj Chandra
Related Entities: Tiger Asia; Tiger Consumer; Tiger Global; Tiger Management LLC; Tiger Shark Management; Tiger Veda; Tiger Fund *; Tiger Global Funds; Tiger Jaguar Fund*; Tiger Management Corp; Tiger Management Corporation; Tiger Management LP; Tiger Puma*; Tiger Technology LP
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Investment Management and Hedge Fund Firm Mergers, Acquisitions, Spin-offs and Transactions

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